UK stocks mixed amid thin trade; Just Eat up 4%


The U.K.’s FTSE 100 struggled to rise above the flatline, with other prominent benchmarks — from the likes of Germany, France and Spain — all shut for the day.

Just Eat was among the top performers, up by 4 percent. The company reported a 24 percent increase in U.K. orders in the first quarter of the year and a jump in revenues of 49 percent.

BP shares rose 1.5 percent. The company said that profits surged 71 percent amid the rally in oil prices.

In other corporate news, the U.K. competition and markets authority submitted its opinion on the 21st Century FoxSky merger to the U.K. government on Tuesday. Culture Minister Matt Hancock is set to give his verdict on the takeover by June 13.

In terms of data, U.K. manufacturing PMIs came in below expectations at 53.9, against an expected 54.8. As a result, sterling fell to a 15-week low of $1.3683.

The poor data narrow the chances that the Bank of England will announce a rate hike Thursday.



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